I will just urge you to not use this for social engineering but to use it to meet the intent that we talked about of helping the unbanked and helping people with cross-border payments.
Steve Stivers: “I will just urge you to not use this for social engineering but to use it to meet the intent that we talked about of…”
Editor's note · Context
Stivers emphasizes the need for Libra to focus on its intended purpose rather than social engineering.
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I am not going to back down from passing our bill, because I think it is really important.
I am going to sound like a broken record here, but Republicans have supported, unanimously, a bill that was bipartisan, the Waters-McHenry deal that would have reauthorized the Bank. Unfortunately, we are not here debating that. We have a…
I think that speaks to the fact that as policymakers, we have been very reluctant to do targeted relief to specific industries.
I would urge you to increase that collaboration, because the lines between securities, banking, and capital markets are blurring more than ever before.





